2018 Alpha Kappa Alpha Sorority, Youtube iota. The Internet of Things is the future, but its real character, its disruptive and transformational nature is not easy to grasp.
Needless to say, IOTA’s use-cases are rarely understood in its entirety. Time to clear up some misconceptions. This post is inspired by Jeremy Rifkin. The IoT is not primarily about wearables, smart fridges, smart-hamsters and the toilet that orders new paper.
These popular examples are often cited by the media in order to describe the matter at hand to the new reader. But the truth is that the focus of the IoT will be a different one. The future is about reduction and improvement. Reduction of fees, a smaller ecological footprint, improvement of equality, also fewer barriers for society, better healthcare, less corruption, the list goes on and on. This also applies to almost every other DLT, so one of the questions is: what makes IOTA and its applications unique? In the end, it’s all about the zero margin society and sharing economy.
An economical landscape where services and infrastructures are the basic layers that arise due to the industrial transformation. The paradigm shift from a throw-away mentality to a sharing economy has already begun. Car sharing, Air BnB, the transformation from fossil energy to renewable energy that can be shared between neighbors. The scope of applications has yet to be determined especially because most of the new use-cases are without existing reference. Everything is new, everything is an uncharted area. In order to specify possible use-cases, I’m going to list a few in their respective areas. The transformations of technology and society are inevitable and already happening.